News Snapshot:
China’s big three state-owned airlines saw total losses during the Covid-19 pandemic balloon to 127.6 billion yuan (US$18.5 billion) by the end of June, as the country stuck with its zero-tolerance strategy of border restrictions and snap lockdowns. Air China said on Tuesday its net loss in the first six months of 2022 widened 186 per cent to 19.4 billion yuan from the same period last year, while China Southern Airlines reported a deficit of 11.5 billion yuan. China Eastern Airlines lost 18.7 billion yuan. China Southern cited a fall in passenger revenue from domestic travel, while Air China blamed...
